Council must create a policy for the First Nation’s property assessment process and property tax rate law.
This policy includes the steps for:
- the creation, approval, and review of the record of taxable persons and property at any time as needed in the First Nation’s property assessment law
- the creation and submission of assessment notices to people named on the record of taxable persons and property at any time as needed in the First Nation’s property assessment law
- keeping any records needed by the First Nation property assessment law
This policy must also include property tax rate rules that:
- the set rate of tax to be applied to the assessed value of each class of property is done at least once each year
- the approval of the law is done by the First Nations Tax Commission
Council must also create a policy for the use of the First Nation’s real property taxation law.
This policy must state that the following activities must be completed within the time limit stated in the real property taxation law:
- creation of a list of all property in the First Nation that can be taxed
- creation and delivery of tax notices to people who are named in the above list
- the application and collection of interest and penalties on money that is owed
- payment of any tax refunds
- making note of any tax payments on the list of property in the First Nation that can be taxed and sending out receipts for taxes paid
- collection of taxes and taking the steps needed to make sure that unpaid taxes are paid